Members of the Executive Board of the European System of Central Banks are appointed to ________ year, nonrenewable terms
A) four
B) eight
C) ten
D) fourteen
B
Economics
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If the natural rate of unemployment in a country is 6% and the unemployment rate in the country is 8%, the cyclical unemployment in the country must be:
A) 8%. B) 6%. C) 14%. D) 2%.
Economics
The lowest two-fifths of our population receives about _____% of our total income.
A. 5 B. 9 C. 12 D. 18
Economics
If an economy is operating at potential output:
A. any surplus would be a structural surplus. B. a budget surplus is impossible. C. the budget must be in surplus. D. any surplus would be a cyclical surplus.
Economics
Suppose that Tom bought a bike from Helen for $195. If Helen's reservation price was $185, and Tom's reservation price was $215, the total economic surplus from this transaction was:
A. $195 B. $30 C. $215 D. $185
Economics